Glencore Share Discussion Threads

[waldron] 06/7/2020 17:21

Iron Ore 101.54 +2.60(2.56%)
Gold COMEX 1,794.20 +0.39%
Silver COMEX 18.61 +1.64%
Platinum NYMEX 840.00 +1.72%
Copper COMEX 2.77 +1.93%
Brent Crude Oil NYMEX 43.19 +0.86%
Gasoline NYMEX 1.24 -0.07%
Natural Gas NYMEX 1.85 +2.84%
WTI 40.615 USD +0.58%

FTSE 100
6,285.94 +2.09%
Dow Jones
26,158.29 +1.28%
CAC 40
5,081.51 +1.49%
SBF 120
4,002.46 +1.50%
Euro STOXX 50
3,350.03 +1.91%
DAX
12,733.45 +1.64%
Ftse Mib
20,055.45 +1.67%


Rio Tinto
4,550 +2.05%


Bhp
1,665.2 +1.76%


Anglo American
1,860.2 +1.37%


Glencore
175.14 +3.22%

[sarkasm] 05/7/2020 12:20

Tempted by the Glencore share price? Here’s what I think you need to know

Rupert Hargreaves | Sunday, 5th July, 2020 |


Since the beginning of the year, the Glencore (LSE: GLEN) share price has dropped more than 29%. After this decline, the stock looks cheap compared to its historical pricing.

However, like so many other businesses, Glencore has been severely impacted by the coronavirus crisis. The company is facing several other significant headwinds as well.
Glencore share price concerns

Glencore is the world’s biggest commodities trader. It shifts millions of tonnes of metals, minerals and oil across the globe. This gives the company a relatively defensive nature.

The world will always need commodities like oil and copper, and Glencore has the size and contacts required to procure and ship these resources at the lowest possible costs.

But the business also operates in some grey legal areas, and the lawsuits are mounting up. The latest is a criminal investigation into the company over its failure to prevent alleged corruption in the Democratic Republic of Congo, where it mines copper and cobalt. The group is also being investigated by the Serious Fraud Office over “suspicions of bribery” in December 2019

These legal actions have had a meaningful negative impact on the Glencore share price. It doesn’t look as if these investigations will be resolved anytime soon either.

If it is found guilty in any of these investigations, the company’s ability to do business in certain countries may be restricted. That could have an impact on profitability, which would lead to further selling of the Glencore share price.
Global leader

Still, even if the company is found guilty, the size of its operations should insulate it from the worst of the fallout. There are few, if any, other companies that have access to their same kind of trading infrastructure as Glencore.

As such, now may be a good time for risk-tolerant investors to snap a share of this business at a low price. The company’s earnings might drop substantially this year, but they should recover in 2021, according to analysts. This depends on the global economic recovery.

However, policymakers around the world are planning large infrastructure spending plans to get the global economy moving again after the coronavirus crisis. The Glencore share price could benefit significantly from these actions as the demand for its commodities increases.

Also, the company has historically returned a significant amount of profits to investors with dividends or share buybacks. This may continue when the crisis is over. Management still owns a large percentage of the group’s outstanding shares. Shareholders should benefit from this in the long run.

If you like the look of the Glencore share price but are worried about the company’s legal problems, it may be best to own the stock as part of a well-diversified portfolio. Doing so may enable you to benefit from any upside while minimising downside risk.

The Motley Fool

[jimsyone] 04/7/2020 13:10

Goldman Sachs - Berenberg - Peel Hunt - Liberum - Cannaccord give the top fund managers picks

[the grumpy old men] 04/7/2020 13:08

What to Watch in Commodities: Virus, Oil, Copper, Iron Ore, IEA

Helen Robertson and Elizabeth Rembert, Bloomberg News








Emissions rise from the Royal Dutch Shell Plc Norco Refinery in Norco, Louisiana, U.S., on Friday, June 12, 2020. Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg

Emissions rise from the Royal Dutch Shell Plc Norco Refinery in Norco, Louisiana, U.S., on Friday, June 12, 2020. Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg , Bloomberg

(Bloomberg) -- Commodities are gaining ground as the second half gets under way, with Brent in the $40s a barrel and copper posting a seventh weekly rise. Next week brings valuable insights into energy, metals and crop markets before the earnings season hits high gear later in July. The overarching themes remain the pandemic, state of lockdowns, and prospects for demand.

The International Energy Agency leads the line-up with its monthly overview of the worldwide oil market as OPEC and allies ratchet back supplies. Crop traders will dissect the latest WASDE snapshot, with corn a particular focus. And metals markets are primed for more virus-related disruptions in Chile, which may aid copper, as well as signals of booming iron ore flows, which may hurt prices.

A brace of companies report, with numbers from Suedzucker AG, Europe’s top sugar producer, and major cocoa processor Barry Callebaut AG. And last but not least, San Francisco Federal Reserve President Mary Daly and Richmond Fed President Thomas Barkin take part on Tuesday in a discussion on the U.S. economy hosted by the National Association for Business Economics.

By the Numbers

Oil-market watchers will keep a keen eye on the International Energy Agency’s monthly report on the global crude market next week for signals on how consumption is recovering from the virus-induced slump. The market will also examine key compliance data, which the IEA releases every month, indicating to what extent the Organization of Petroleum Exporting Countries and its allies are making the cutbacks they’ve pledged to clear a glut and shore up prices.

Last month, OPEC’s output fell to the lowest since 1991, while Russia reached near-total compliance with its quota. Meanwhile, tanker-tracking data compiled by Bloomberg show crude supplies from OPEC’s Middle East exporters, excluding Iran, fell for a second month in June as Saudi Arabia and key Persian Gulf allies made further voluntary production cuts on top of the unprecedented 9.7 million barrels a day agreed by the OPEC+ group of countries in April. OPEC will release its own monthly oil market report on July 14.

Red Alert

The global copper market will be on alert next week for any further signs that supplies from key producer Chile are being disrupted by the coronavirus pandemic as mine workers fall ill. With prices capping a seventh weekly advance in London following BHP Group’s move to curtail operations at one site, investors and traders will also track the metal’s technical backdrop.

Driven by the powerful recovery in prices since March, copper’s 50-day moving average is fast closing in on its 200-day counterpart and may move above it next week. That pattern, a so-called golden cross, can portend further gains. Still, the last time chart watchers saw it for copper was right at the start of 2020, just before the metal swooned as the pandemic erupted.

The Big Question

The U.S. Department of Agriculture just rocked the corn market when it said American farmers planted a lot fewer acres than analysts had expected. Traders will be anxious to see how that impacts the U.S. corn outlook in the World Agricultural Supply and Demand Estimates update on July 10. The big question: will the smaller plantings be enough to make up for declining demand in ethanol production, helping to keep inventories under control?

And in Brazil, the second-largest corn exporter after the U.S., the crop is now seen coming in below initial estimates after adverse weather affected some regions. Traders will be looking for the Conab release on Wednesday to make that adjustment in its July report.

Hungry for Information

Earnings next week from Suedzucker and Barry Callebaut should give a fresh glimpse of how the sugar and chocolate sectors are holding up, particularly as more shops and restaurants reopen in Europe. Figures from Suedzucker, Europe’s top sugar producer, are due Thursday and traders will watch for clues on whether the region’s prices will gain amid previously expected shortages, despite worries that slowing economies will curb demand.

Barry Callebaut could give the cocoa market more clarity on how chocolate demand is faring when the major processor reports results on Thursday, too. Grindings beat expectations in Europe and Asia earlier this year, but analysts said that was more to do with ramping up output ahead of potential supply-chain disruptions, rather than real consumption. The market’s been under pressure lately, with London futures near the lowest in more than a year.

Hitting Fifty

Iron ore prices are on the slide, dropping into the $90s a ton on indications that surging global supplies are easing tightness in the seaborne market. With vessel-tracking data pointing to a jump in flows from Australia, next week should bring confirmation of another bumper month at Port Hedland, possibly a record. The world’s largest bulk-export terminal is used by miners including BHP Group, Fortescue Metals Group Ltd. and Roy Hill Holdings Pty.

The print for June’s performance should come in the opening half of the week -- there’s no fixed date for the release -- and the figure may surpass the peak of 48.9 million tons set a year ago. This week, Brazil reported exports of 30 million tons for June, well up on the prior month and narrowly ahead of the year-ago number. Between them, the two nations account for the majority of worldwide exports, with cargoes feeding China’s mammoth steel industry.

[waldron] 03/7/2020 17:18

Iron Ore 97.71-1.23(-1.26%)
Gold COMEX 1,787.30 +0.02%
Silver COMEX 18.34 +0.41%
Platinum NYMEX 823.80 -0.45%
Copper COMEX 2.72 -1.04%
Brent Crude Oil NYMEX 42.74 -0.07%
Gasoline NYMEX 1.25 +0.45%
Natural Gas NYMEX 1.80 +1.07%
WTI 40.18 USD -0.07%

FTSE 100
6,157.3 -1.33%
Dow Jones
25,827.36 +0.36%
CAC 40
5,007.14 -0.84%
SBF 120
3,943.47 -0.75%
Euro STOXX 50
3,294.38 -0.77%
DAX
12,528.18 -0.64%
Ftse Mib
19,677.74 -1.05%


Rio Tinto
4,458.5 -1.90%


Bhp
1,636.4 -1.56%

Anglo American
1,835 -2.01%



Glencore
169.68 -1.67%

[watfordhornet] 03/7/2020 15:38

Really? I was in AMC for years and years but got fed up with endless promises. Out nowCannot imagine AMC would be at 1.6p if that were true.Do you a source?

[waldron] 02/7/2020 17:14

Iron Ore 98.94 +0.93(0.94%)
Gold COMEX 1,790.60 +0.64%
Silver COMEX 18.37 +0.49%
Platinum NYMEX 829.20 -0.87%
Copper COMEX 2.74 +0.27%
Brent Crude Oil NYMEX 42.64 +1.67%
Gasoline NYMEX 1.24 +1.96%
Natural Gas NYMEX 1.77 +1.60%
WTI 40.145 USD +1.62%

FTSE 100
6,240.36 +1.34%
Dow Jones
25,969.35 +0.91%
CAC 40
5,049.38 +2.49%
SBF 120
3,973.24 +2.42%
Euro STOXX 50
3,320.09 +2.95%
DAX
12,608.46 +2.84%
Ftse Mib
19,878.78 +2.83%


Rio Tinto
4,545 +2.18%


Bhp
1,662.4 +2.13%


Anglo American
1,872.6 +2.62%


Glencore
172.56 +3.02%

[maywillow] 02/7/2020 15:04

02/07/2020 10:00am
UK Regulatory (RNS & others)

Glencore (LSE:GLEN)
Intraday Stock Chart


Thursday 2 July 2020
Click Here for more Glencore Charts.

TIDMGLEN

RNS Number : 8511R

Glencore PLC

02 July 2020

Baar, Switzerland

2 July 2020

2020 HALF-YEAR PRODUCTION REPORT AND 2020 HALF-YEAR RESULTS PRESENTATION

2020 Half-Year Production Report

Glencore plc will release its 2020 Half-Year Production Report on Friday, 31 July 2020.

The announcement will be screened by the Regulatory News Service of the London Stock Exchange and available on our website ( www.glencore.com ) at 7.00 am UK.

2020 Half-Year Results Presentation on Thursday, 6 August 2020

We will be announcing our 2020 Half-Year Results on Thursday, 6 August 2020.

The results announcement will be screened by the Regulatory News Service of the London Stock Exchange and will be available on our website at 7.00 am UK.

Webcast

A live webcast starting at 8.00 am UK will be accessible at: hxxps://edge.media-server.com/mmc/p/mz4emd94

To listen to the audio please make sure your speakers are unmuted on your computer or laptop. If you are using a mobile device please use your handset's volume controls.

If you are unable to connect via the web, please dial in to the listen-only conference call using the details below.

Dial in

Participants to dial in 15 minutes prior to the start time using the number / Conference ID listed below and leave any information requested after the tone:

Event Plus Passcode: 9389828

[grupo guitarlumber] 02/7/2020 09:35

Blast at Glencore Oil Refinery in Cape Town Leaves Three Dead

Paul Burkhardt and John Viljoen, Bloomberg News








(Bloomberg) --

At least three people died in an explosion and a fire at a South African oil refinery owned by a unit of Glencore Plc.

A number of people are in the hospital after the incident at the Cape Town facility, Richard Bosman, executive director for safety and security in the city, said on CapeTalk radio. Callers to the radio station described hearing a “massive explosion” that rattled windows and roofs. Others said they had seen damage caused to the plant.

The blast occurred at 4 a.m. on Thursday, Astron Energy Ltd. spokeswoman Suzanne Pullinger said in an emailed response to questions. The company declined to comment on whether there were any casualties.

An annual maintenance shutdown had been underway at the 100,000 barrel-a-day refinery, which was expected to restart this month, according to the South African Petroleum Industry Association.

Glencore’s local unit acquired 75% of Astron Energy last year. The refinery was previously owned by a South African unit of Chevron Corp.

The plant has experienced challenges since the acquisition, including a pay dispute in March and an annual maintenance shutdown that was extended after South African introduced a nationwide lockdown to control the spread of Covid-19.

[waldron] 01/7/2020 17:21

Iron Ore 98.01-4.94(-5.04%)
Gold COMEX 1,773.70 -1.36%
Silver COMEX 18.22 -2.26%
Platinum NYMEX 828.20 -2.71%
Copper COMEX 2.73 +0.20%
Brent Crude Oil NYMEX 41.93 +0.62%
Gasoline NYMEX 1.21 -0.64%
Natural Gas NYMEX 1.72 -3.96%
(WTI) 39.745 USD +0.51%

FTSE 100
6,157.96 -0.19%
Dow Jones
25,825.94 +0.05%
CAC 40
4,926.94 -0.18%
SBF 120
3,879.44 -0.12%
Euro STOXX 50
3,228.45 -0.37%
DAX
12,260.57 -0.41%
Ftse Mib
19,304.88 -0.36%


Rio Tinto
4,448 -2.22%


Bhp
1,627.8 -1.61%



Anglo American
1,824.8 -2.39%



Glencore
167.5 -2.17%

[dremel] 30/6/2020 22:41

Waldron lol, sometimes a sense of humour is the only thing that keeps a person going, well, with this share anyway .

[waldron] 30/6/2020 18:02

As many of us have been apparently hurt by the virus and the pending court cases affecting GLENCORE, i will start a WISH LIST




Will commence to view Glencore by way of supports,resistences and BOXES

100 to 130p
130 to 160p
160 to 190p$$$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$$$$$$$
190 to 220p
220 to 250p
250 to 280p
280 to 310p
310 to 340p

RESISTENCE AT 181.70p
Support 162.70p



Current share price 171.22p




31/07/2020 Glencore Half-Year Production Report

06/08/2020 Glencore Half-Year Results

30/10/2020 Glencore Third Quarter Production Report

[waldron] 30/6/2020 17:02

Iron Ore 102.95-0.11(-0.11%)
Gold COMEX 1,798.80 +0.82%
Silver COMEX 18.57 +2.77%
Platinum NYMEX 846.20 +1.98%
Copper COMEX 2.72 +1.00%
Brent Crude Oil NYMEX 41.68 -0.33%
Gasoline NYMEX 1.22 +1.89%
Natural Gas NYMEX 1.73 +2.30%
WTI 39.67 USD +0.32%


FTSE 100
6,169.74 -0.90%
Dow Jones
25,598.78 +0.01%
CAC 40
4,935.99 -0.19%
SBF 120
3,884.04 -0.10%
Euro STOXX 50
3,240.4 +0.01%
DAX
12,310.93 +0.64%
Ftse Mib
19,402.36 -0.23%


Rio Tinto
4,549 +0.24%


Bhp
1,654.4 +0.32%



Anglo American
1,869.4 +0.24%


Glencore
171.22 +0.93%

[waldron] 29/6/2020 17:11

Iron Ore 103.06-0.17(-0.16%)
Gold COMEX 1,782.50 +0.12%
Silver COMEX 18.06 -0.62%
Platinum NYMEX 828.00 +1.06%
Copper COMEX 2.69 +0.39%
Brent Crude Oil NYMEX 41.40 +1.15%
Gasoline NYMEX 1.19 +2.43%
Natural Gas NYMEX 1.71 +10.75%
(WTI) 39.045 USD +3.18%


FTSE 100
6,225.77 +1.08%
Dow Jones
25,430.34 +1.66%
CAC 40
4,945.46 +0.73%
SBF 120
3,887.81 +0.68%
Euro STOXX 50
3,240.2 +1.02%
DAX
12,232.12 +1.18%
Ftse Mib
19,470.9 +1.81%



Rio Tinto
4,538 +0.10%



Bhp
1,649.2 +0.62%



Anglo American
1,865 +1.38%


Glencore
169.64 +1.74%

[waldron] 29/6/2020 12:55

CHUCKLE

WHO WANTS TO LIVE FOREVER anyways


dremel
29 Jun '20 - 12:38 - 2571 of 2572

[waldron] 29/6/2020 12:50

31/07/2020 Glencore Half-Year Production Report

05/08/2020 Glencore Half-Year Results

30/10/2020 Glencore Third Quarter Production Report

[dremel] 29/6/2020 12:38

Waldron

Stop being a comedian, 2050 haha, most people on here will be dead by then, haha.
I mean there,s long term, and there,s Long term,just imagine having held this share for 30 years, your now on a zimmer frame, and you check the share, and its gone down, thats if it still exist ?.

Oh dear, best laugh I,ve had all morning .
Human nature being what it is, people want jam now, not in 30 years time .